Macro investor Dan Tapiero believes a predictive model suggests Bitcoin (BTC) could reach a staggering $900,000 in this market cycle.
Stock-to-Flow Model
The stock-to-flow (S2F) model by analyst PlanB forecasts Bitcoin’s long-term market cycles based on its halving events, when miner rewards are reduced.
Tapiero highlights that the model accurately predicted price spikes in 2013, 2016, and 2020.
PlanB’s Predictions
PlanB himself confirms that Bitcoin’s recent rally aligns with the S2F model’s price targets. He predicts a bull market cycle that will last approximately 10 months.
However, PlanB cautions that the market may experience sharp dips of around 30%.
Implications
The S2F model suggests that Bitcoin’s accumulation phase is over and a period of rapid price increases and potential volatility is imminent.
Investors should exercise caution and conduct their own research before making any investment decisions.
